November 28th 2021 |
Market Review |
U.S. stocks finished the week with losses. The Dow Jones Industrial Average lost 2% over the week to 34,899.34. Dropping more than 900 points on Friday, the Dow recorded its worst day of the year. The S&P 500 booked a weekly loss of 2.2% to close at 4,594.62. The Nasdaq slumped 3.5% for the week to end at 15,491.66. Nearly all key S&P sectors ended in negative territory for the week, led by the discretionary sector. The energy sector was the only gainer. The CBOE Volatility Index, often referred to as Wall Street’s “fear gauge,” jumped to 28, its highest level in two months.